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in what we think is going to be an okay earnings environment, but a challenging revenue environment. not every balance sheet is going to execute equally in this environment. you've got some opportunities for -- >> what it means is the fed is going to stay the course on quantitative easing, basically. >> i think that is very clear. >> greg, tell us about this new study you're out with today. >> we found three in four americans say they are not more inclined to invest in the stock market now given the fact that interest rates are at record lows and the stock market's recently hit highs. that's the same as we found a year ago. now, a year ago, you know, in the past year interest rates have come down further. the market's gone up more. yet people are not swaying. >> what's their big fear? that they've missed it already? they're afraid it's too high? they're going to pick moment? is there too many risk? what's the big fear? >> some of each. quite frankly the memories of 2008 are very fresh. a lot of people, 2008 wasn't the first time they'd been burned. they got burned in the tech bust.
the policy environment the so conducive to dealing with the key issues between the u.s. and mexico. the immigration bill is hot and heavy, front and center. marco rubio did ginsburg in espagnole. he had five sunday shows, to talk about immigration. the gang of eight is hard at work on that. guns, u.s.-mexico relations. outink the guns may come not quite as favorable to mexico's longstanding positions as the immigration debate might. i would take a 14 two. we will be in good shape. the third is trade. mexico, the united states, now japan, canada, are linked in the trans-pacific partnership talks. talks with many of our key trading allies across the pacific. many of us view it as a chance to help bring nafta into the 21st century. the three are very much on the u.s. agenda. it shows great forward progress. welcome all of you to what promises to be a truly fascinating session. be second reason this will terrific is because of our panelists. i will say little bit more about the ambassador of mexico. doris meissner, who i served with in the clinton administration. she is one of our grea
in the after-hours, if people are short-covering they're doing it obviously in a more difficult environment. david: who would have guessed it was in double digits less than a year ago it is trading over 200. it hasn't traded over 200 a share since september 14th, 2011. this is long way coming. liz: long way to go. david: have you been to the airport recently? you go to the airport all the time. you go home to the airport to get back to new jersey. airport delays as faa furloughs begin to kick in. liz: rich edson at the airport. what are you hearing overall about the situation, rich? overall we got hundreds of delays yesterday. airline association says we could see up to a few thousand delays because of this when you look at this, go around the country, there are delays in charlotte, there are delays elsewhere. faa is saying there are delays basically close to coast. as far as specifics are concerned they could not provide us with any ties of numbers. that has a number about folks, especially republicans in congress say this is entirely structured by the faa to inflict what they say is maxim
may also be a constraining factor. living in a bad home environment can be a big distraction. budget cuts is probably the worst problem of all. >> scheduled cuts that would take place unless congress acts would mean 8.2% cuts. >> cut. >> yes, cut. and these aren't just dollar signs in percent. they are children's futures. >> programs are designed to pick up the slack for kids whose needs aren't being met. all of those programs are designed to deliver needs of children not being met by the larger system. to cut seven point eight percent would have an incredible impact on students across america. >> before we fix the educational system, we need to find out what meets [indiscernible] >> we do have room for improvement. one of the areas that we are weak in is allowing students the opportunity to be creative in their learning and for us to decided relevance for students. with the advent of technologies, students don't teachers foreed information. they can go to the internet and get answers. but what they do need teachers for his what information is relevant? what information is accurate?
of that traffic. .t causes obviously delays it has an adverse impact on the environment as well. is to expand the american plaza, but also pursue span.bridges fan -- new yorket in buffalo, we southern ontario are -- need capacity. w want emphasize that we are trying to remove barriers to access, both physical and in tolls. when you look at the situation with the peace bridge, a lot of tolls are being used to support expansion of the plaza to promote traffic between the united states and canada. this is something that would be of concern. my sense is that it would be a new agency imposed toll compared to the ones that are already in place. help iniate all of your helping us address the issues and the peace bridge connecting buffalo and southern ontario in particular. i yield that. >> thank you. i turned to the gentleman from utah. thank youecretary, for your services. this is probably a long hearing. you do not know the line of questioning, so it requires you to be an expert on everything. things i would like to ask you quickly if i could. >> sure. >> as a former air force pilot, uncomfortabl
's another power we can use the environment. that is the power of persuasion. here we are lucky as both of us ex-prime ministers, he and i have met a whole bunch0s ceos and they should remember their patriotism and hire more, or pay more to their employees. it is -- for the first time in many years an increasing number of companies are willing to pay more. however, getting rid of denation -- deflation mindset alone cannot hamper long-lasting recovery. we most leave people with expectation to sustainable economic growth. and for the purpose we must have two downside risk. one, inflation without growth. two, interest rate hike without growth. let me understand one by one. let's assume that you now have rising cpi, but you have no pay rise. the economy is that is a bad inflation. people should suffer then. it is right here that the third bazooka should come into play. the third bazooka, if you recall, is a package of growth enhancement policies. i know it's hard to come by. i am not saying we can do very easily. still, it takes us only to look into miller -- into mirror to see who you are and th
environment for the exercise of civil liberties. this includes the measures with respect to registration of ngos as foreign agents but also restrictions on press and internet freedom act. so we've made clear our commitment to dialogue on human rights with the russian government, but we also remain actually committed to open dialogue with civil society and supporting their efforts. >> can i do a follow-up on that? i just wanted, i mean, the u.s. government has talked a lot about, concern about human rights abuses in chechnya. and i just wonder if you think the events in boston are going to change in any way the way the government will see human rights in chechnya? >> with respect to the ongoing investigationnbston, i just etars, that would be highly inappropriate to make further comment at this time. with respect to the situation in the northern caucasus, i can tell you this has been part of our human rights reporting. on russia and our country reports since 1995 you'll find quite a bit of information in this year's report. and they know serious human rights abuses taking place, and acts
with our reduced output so the faith is still there, that it's well run in a bad macro economic environment which comes back to mcdonald's which you have a note out today from sus can dehanna which says it is executing across the world and it is stable in its market share or gaining and it is against it. that seems to be the major theme. >> another theme that's sort of emerged in these big companies, citigroup, as well is the strength of the latin american consumer and the latin american corporation. caterpillar noting that lshg, even though china continues to be weak and there seems to be a shift from asia pacific to latin america coming from these multinationals. >> resuming the buyback does not hurt by the end of the year. it had approved for a while in '07. >> and that might be taking some of the sting out of this today. >> when we come back, yet another price target cut for apple ahead of its earnings and this time from bmo. colin gilles over at bgc is upgrading the stock this morning. which one is right? we'll hear from both analysts this morning. the dow coming off its worst week sin
and take steps to address the environment degradation. the issues are polarizing. [laughter] but president grimson serve as iceland's finance minister. in 2008 he presided over iceland's near economic collapse. the country's unique response which included social and political reform and allowing the banks to pull pulled iceland back from the brink without the austerity measures. perhaps most challenging of all he raised twin girls. please hiv me give a warm national press club welcome back to president grimsson. [applause] [applause] >> thank you. thank you very much. for these words of welcome and thank you for hosting us at the national press club here today for a special occasion where i have privilege to announce the establishment of a new venue aimed at enhangs the dialogue on corporate issues. i know, sometimes here in washington, the arctic looks as if it is far away. perhapses in the minds of many, still the hidden part of the world as it was. in the beginning of the 20th century. where the knowledge of that the neighbor to our countries was still very limited. and in fact remains
environment and have been a part since iceland was -- [inaudible] >> taking step back and looking for a broadly two things i've been talking about climate change and fishing. has global environmental change been benefit to iceland's fishery or a detriment? >> well, it's very difficult to an that question, indeed it's one of the big issues -- a number of decades because it has tradition nayly been the key part of the export driven fishing circle. of course the species as well. some people are arguing cue to the -- [inaudible] so one of the reasons why there is a need for more active arctic corporation is in fact to study what is happen together fishery in the ocean of the world including the arctic and the ice melt. and i found it interesting when i invited them to iceland a few years ago, he is, as you might know, a special envoy of the president of france on arctic and polar issues. his argument was that the first dispute that would unearth nationings to a new situation in the arctic would be dispute over fisheries. that the meting of the arctic sea ice and the transmore fashion
environment even more. i think you have a great, virtuous cycle that's kicking in. >> that cuts to the fundamental question about netflix whether it's growing fast enough to pay for the international expansion and to pay for the content bills that it's rack up. >> if you look in detail at these figures who which you have to still, the loss overseas is $77 million and the negative free cash flow is 42 million, tony. >> there are a couple of things that have gone on in this quarter. one, we do see these improvements in the use of accounts payable which in the cash flow and the u.s. streaming business scale better which should provide more cash flow and the dvd business is not declining as fast and these guys are managing the business pretty well. if i can on the international, it's down, but not down as much assy we expected and the way to think about that is maybe these international markets are getting to profitability sooner than expected and it may not be as big of a drag as people thought going in. they're focusing on traditional valuation in the near-term. i think what the s
easy. it is challenging in this fiscal environment. administrations 39 budget -- $39 million budget request. consistent with what congress appropriated in 2013 for the department before sequestration cuts were applied. the level of funding in this budget is lower than what congress appropriated in 2009. stepping back and thinking of the challenges that our country and this department has faced since 2009, times square bombing, hurricane sandy, the ever-changing and growing cyber threat, and of the boston attack, it is easy to become concerned with this budget request. we are facing extremely difficult budgetary times. sacrifices must be made. they may not receive all of the funding. and agencies in government must share in the sacrifice to some extent required during this deficit. our secretary seems to have taken this message to heart. he is identified $1.3 billion in savings this year and more than $4 billion since 2009. he continues to move from a risk-based approach and it effort to save more money. i'm happy to see this budget proposes a much-needed increase for cybersecurity,
and the reason is because the environment had so radically changed in a very short period of time. that's one of the things i detail. >> when we look at hawaii now we don't see that. we see the plantations and that sort of thing. so, t.d.? >> what i found out when i was researching this book is the paradise like other things is an intellectual and social construct and just as there is a paper trail in the spanish illusion that gold was to be found in florida, by the way i just want to clarify one thing it begins with the first massacre of white men in the western hemisphere certainly and north america and this is how our history began with a spanish learned there was nothing to be found. it was only tradition in florida, that was before they found out that they had established a settlement in jacksonville so they tore across the atlantic and massacred several hundred frenchmen and that is the beginning of the history. as i say in the beginning if we look at -- for this old guy looking for viagra and largely america thinks here comes a hurricane this is no understanding, but if you look at the
the policy environment the so conducive to dealing with the key issues between the u.s. and mexico. is hot andtion bill heavy, front and center. ginsburg indid espagnole. shows, toe sunday talk about immigration. the gang of eight is hard at work on that. guns, u.s.-mexico relations. i think the guns may come out not quite as favorable to mexico's longstanding positions as the immigration debate might. i would take a 14 two. we will be in good shape. the third is trade. states, nowunited japan, canada, are linked in the trans-pacific partnership talks. talks with many of our key trading allies across the pacific. many of us view it as a chance. into thebring nafta 21st century. much on thee very u.s. agenda. it shows great forward progress. welcome all of you to what promises to be a truly fascinating session. the second reason this will be terrific is because of our panelists. i will say little bit more about the ambassador of mexico. meissner, who i served with in the clinton administration. she is one of our great experts. ted. , weseries of speakers today will have first ambassador med
is deeply troubling in an increasingly restrictive environment of civil liberties. this includes the measures with respect to registration as foreign agents and also restrictions on press and internet freedom. we made clear with human dialogue but we remain committed to open dialogue with civil seent supporting their efforts. >> i do a follow-up on that? >> sure. >> in the past -- i think the u.s. government has talked a lot about their concern of human rights abuse in chechnya. i'm wondering if you think the events in boston are going to change the way the government would see human rights in chechnya? >> with respect to the ongoing investigation in boston, i have to reiterate the secretary's comment that it would be highly norptse to make comments at this time. i can tell you this has been part of our human rights reporting on russia since 1995. you will find quite a bit of information on this year's report and they note serious human rights abuses taking place and human rights violations committed by authorities and militants. >> this is going to be the last question. >> you m
and present one we have to start tackling now rather than later. i am determined to facilitate the environment and basic conception tax rate, based on the provision of a comprehensive tax reform. you must also address japan's own entitlement reform to that the growth of the government expenditure in check. previously at the g20 meetings, together with other member nations we stick to it. wait a minute having the balance ratio to gdp by fiscal year 2015 than that in 2010. we also aim at achieving by 2020. we are going to publish medium-term fiscal consolidation plan around the middle of this year. the second interest rate hike is avoidable. economics should take deep root for the economically to seek sustainable growth. finally, before conclusion, let me say only a few words about what kind of country japan not to be. japan must be a place where the road needs effort. japan must be a place where risktakers can be given opportunities not just once, but many times. also, ex-prime minister present the chance for the second coming in japan. japan must be at face and a sense shotmaker cain mused, ja
easily to $2 billion in savings. $4.5 billion and will be spent a day to operate in that environment. when in fact you cannot go on the street with the exception of the package delivery, which will be done with dynamic routing, with a lower-cost employee, whether in the rural craft or city craft and allow us to provide that service at a lower acroscost. that is all money that can come out of the system. if calculated in what we think is the revenue loss, and we have talked to customers to validate that. we are terms of that. that we clear something up. people say it is only $2 billion out of $20 billion. if we had it this year we would break even. this year we will lose $1.7 billion on the operating line. as revenue,-costs, with the exception of a worker's comp costs and pre funding. we would make money if we made the six to five move at the beginning of this year. what happens with a $20 billion of that gap exists when you do nothing over a five-year period, and with inflation that continues to grow. when people say it is only 10% of the cost differential, it is not, it would make u
't replace the wild west environment with a legal situation. >> let me ask another question. techis that the highest end. i'm thinking of a rhode island business that has a high technical level of accomplishment. they don't have a colossal hr department. they work in a particular niche, when they can identify the person they need as the person they need, there may be the person with a skill set like that anywhere to be found. if you need a specific profile in dover, does this give you the capability to reach outnd recrthat person? the concern i ve heard from these businesses ieven iyou have heard from this person and start recruiting them, it creates so much uncertainty and delay and havoc that if they have an international capability, they will go wherever -- to germany, india or china. are you comfortable we can compete with those kind of people where there is a specific person you are looking for? >> i think the bill seeks a number of important steps. is of the points you hit on just by going to brown, the ph going to a hospital. help, ashe numbers long as we avoidniend consequen
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